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Property/Casualty Focus

The Changing Face of Benefits and the Employer-Employee Relationship

Benefits are a critical component of the employer-employee relationship. They not only serve as a recruitment and retention tool, but they also can influence employee morale and lifestyle decisions. Escalating costs of health care, under-funded retirement programs, and a generally stagnant economy in the last few years have placed significant economic strain on organizations. Finding a balance between these financial challenges, while still maintaining quality benefits has been a concern for organizations across the country. This article highlights how employers in North and South Carolina are responding to this push-and-pull scenario and how trends in these states reflect more universal changes in the roles historically played by the employer and employee.

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